What are the responsibilities and job description for the Commercial mortgage Accountant/ Asset Manager position at Farmers Life Insurance Co.?
**Location:** Hybrid – NYC/NJ Area (preferred)
**Employment Type:** Full-Time
**Compensation:** Competitive salary benefits (based on experience)
### **About the Role**
We are seeking a highly capable **Commercial Mortgage Accountant / Asset Manager** to support our expanding portfolio of commercial real estate loans. This role combines **hands-on accounting**, **asset management**, and **loan closing support**, and requires strong collaboration with our internal accounting team. The ideal candidate is detail-oriented, technically strong, and comfortable working across departments to ensure accurate financial reporting and efficient loan operations.
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## **Key Responsibilities**
### **Accounting & Financial Reporting**
* Work closely and collaboratively with the internal **Accounting Team** on all loan-related accounting matters
* Maintain accurate books and records for a portfolio of commercial mortgage loans (interest accruals, amortization schedules, deferred fees, escrows, etc.)
* Prepare monthly, quarterly, and annual financial reports for both internal and external stakeholders
* Perform general ledger entries, reconciliations, and supporting schedules
* Track loan payments, reserves, escrows, and collateral balances
* Assist Accounting and Finance leadership with audits, regulatory filings, and reporting packages
### **Loan Operations & Closing Support**
* Support full lifecycle of commercial mortgage loan transactions, including document review, draw requests, funding coordination, and system onboarding
* Coordinate with internal underwriting, accounting, legal, and third-party partners to ensure smooth and timely closings
* Maintain and update loan files, servicing systems, and compliance documentation
* Manage origination, extension, and exit fee accounting in coordination with the accounting team
### **Asset Management**
* Monitor loan performance, DSCR, covenant compliance, and borrower reporting requirements
* Prepare regular asset-level and portfolio-level summaries, including operating trends, rent rolls, and valuation updates
* Assist with loan modifications, extensions, workout scenarios, and collateral reviews
* Support senior management with portfolio analysis and risk monitoring
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## **Preferred Skills & Qualifications**
* Bachelor’s degree in Accounting, Finance, or related field
* 2–6 years of experience in accounting, commercial mortgage asset management, or related real estate finance role
* Strong understanding of commercial real estate loan structures (bridge, term, NNN, construction, etc.)
* **Familiarity with loan closing processes and documentation required**
* **Commercial mortgage underwriting experience is a strong plus**
* Excellent Excel skills and comfort building financial schedules
* Experience with servicing/accounting systems (Sage Intacct, LoanPro, SS&C, etc.) a plus
* Highly organized, detail-oriented, and able to manage multiple priorities
* Strong communication skills and ability to work closely with cross-functional teams
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## **What We Offer**
* Competitive compensation and bonus potential
* Growth opportunities in a rapidly expanding financial and real estate investment platform
* Direct exposure to underwriting, finance, capital markets, and portfolio strategy
* Highly collaborative culture with a strong emphasis on accuracy, teamwork, and continuous improvement